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Volume: 15 Issue: 7
(July 2017)

Keywords:
russia relaxes rules betting ads raise funds sport eve 2018 fif world cup bookmakers russia received pleasant gift government

Jurisdictions:
Russia Moscow

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Russia relaxes rules on betting ads to raise funds for sport

On the eve of the 2018 FIFA World Cup, bookmakers in Russia have received a pleasant gift from the Government - they are now allowed to advertise during the broadcast of sporting events and on websites devoted to sport. Large scale advertising campaigns began in May, with the most effective period starting during the 2017 FIFA Confederations Cup. However, everything has to come at a price - gambling operators accepting bets are now obliged to enter into agreements and make special payments to national sports federations and professional sports leagues in order to raise money for professional, youth and children’s sport in Russia. Mikhail Prokopets and Ilya Chicherov of SILA International Lawyers Company discuss the legal changes, the possible benefits and the concerns raised.

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